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On 1 July 2019, a company entered into a 4-year lease of property. The company i...
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On 1 July 2019, a company entered into a 4-year lease of property. The company is required to make 4 lease payments of R100 000 each. These payments fall due on 30 June 2020, 2021, 2022, and 2023. The rate of interest implicit in the lease is 9.75% per annum.
The interest expense for the year to 30 June 2021 is:
(2 Marks)
0%
0%
0%
0%